Navigating the Compliance and Innovation Narrow Gate: Five Key Highlights of HashKey's Listing
On December 17, 2025, HashKey (3887.HK) successfully listed on the Hong Kong Stock Exchange. HashKey's listing marks a crossroads in history. On one hand, the United States is vigorously promoting the compliance of the crypto economy, Wall Street is gearing up, and the trillion-dollar RWA industry is ready to surge. On the other hand, at the end of November, the People's Bank of China, together with thirteen departments, reaffirmed their stance against virtual currency trading and speculation. At this contradictory moment, HashKey's listing has triggered a flurry of emotional interpretations within the industry. Whether positive or negative, everyone agrees that this event is not just a company's bell-ringing moment, but also a significant indicator of Asia's crypto asset industry moving towards "legitimacy." HashKey has thus become an extremely rare observational sample in the Asian crypto narrative.
I just saw Dr. Xiao give HashKey full